The last year has been tough for many retailers, but Toys ‘R’ Us emerged from the economic downturn with some positive results, reporting net earnings of US$218 million as compared to US$153 in the 2007 fiscal year.
Fourth-quarter results were also up a tick to US$345 million versus US$312 million from the same period in 2007, and fiscal 2008 net sales were down slightly from US$13.794 billion in fiscal 2007 to US$13.724.
Chairman and CEO Jerry Storch remarked that part of the sales momentum came out of the integration of the toys and baby business led by the 19 R Superstores that it opened in the US, with 53 side-by-side TRU and BRU stores with more to make the Superstore conversion. TRU also acquired eToys.com, babyuniverse.com, ePregnancy.com, and Toys.com in the same period.
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